Hi,
At about 6pm GMT, Jon Wossname, the boss-man of the takeover company said
that they were about £2 billion shy of taking over LR.
Hope this helps,
Dave Hill
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----- Original Message -----
From: Leckstein <bleckstein@mail.monmouth.com>
To: Martin C. Jones <M.C.Jones@staffs.ac.uk>; <mgs@autox.team.net>
Sent: Thursday, March 16, 2000 11:20 PM
Subject: Re: MG is reborn?
> At 03:26 PM 03/16/2000 +0000, Martin C. Jones wrote:
> >BMW has today sold off the bits of Rover it doesn't want to
> >a venture capital company. Below is a statement from that
> >company. By the way the company in question has been
> >involved in pubs and restaurants up to now. I don't want to
> >get too cynical but.....
>
>
> Wow! Does anyone know if Land Rovers were part of the deal or are they
> being retained by BMW.
>
> The question is of interest to us, as there is an established Land Rover
> dealership network, and thus a network for a U.S. MG import. If not, that
> slope just got steeper. No matter how great the MGF or future model is,
you
> need a dealership network to sell and service.
>
> As to a new company developing cars, yikes. Look at De Lorean and the tons
> of money the British Govt. spent on that disaster.
>
> I know this is sacrilage, but I hope GM or Ford buy this new company or MG
> real fast, for only these two giants can hold on for this sleigh ride.
>
> I will try to find out about Land Rover on the net,
>
> Mike
>
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